Upstate Alliance of REALTORS® MLS Releases April 2012 Housing Market Report
May 21, 2012
Upstate Alliance of REALTORS® today released its April 2012 local housing market report. The market indicators for April 2012 compared to April 2011 include the following:
- New Listings increased 12.3 percent to 1,124.
- Pending Sales were up 16.1 percent to 707.
- Closed Sales increased 8.1 percent to 521.
- The Median Sales Price increased 2.1 percent to $102,000.
- Percent of Original List Price Received decreased 2.9 percent to 91.6.
- Months Supply of Inventory was down 6.8 percent to 7.7 months.
“April was a strong month for our local & surrounding counties housing market,” said Tug Pierson, 2012 UPSTAR MLS President. “The forward indicators are vibrant as Closed & Pending Sales and New Listings show strong gains. While the supply-demand trends look favorable for sellers for the first-time in years, the historically low interest rates continue & the inventory is competitively priced—making it a great time to invest for qualified buyers.”
The attached data from the April 2012 Monthly Indicators report tells consumers how the northeastern Indiana housing market is performing according to nine different indicators with comparisons to 2010 and 2011. To view the full Market Indicators report and the Foreclosure Report as well as other housing market statistics and archives, visit http://www.UpstarIndiana.com/MarketData. This Web page also includes market reports broken down by county in the UPSTAR MLS primary coverage area, which includes the counties of Adams, Allen, DeKalb, Huntington, Noble, Wells and Whitley.
The Upstate Alliance of REALTORS® Multiple Listing Service Inc., a subsidiary of Upstate Alliance of REALTORS®, serves area real estate professionals and the community by providing up-to-date listings of area homes for sale. The statistical data is from a database hosted by the Indiana Association of REALTORS. It may contain content from sources other than UPSTAR MLS and may not reflect all real estate activity in the market. The information is based on residential property sales from the Indiana counties of Adams, Allen, DeKalb, Huntington, Noble, Wells and Whitley.